Uzbekistan and France Finalize Agreement on Uranium Mining Collaboration

Uzbekistan’s Navoiyuran and France’s Orano have signed a cooperation agreement for the Yuzhny Jengeldy uranium deposit, involving $214 million in initial investments. The project aims to produce uranium for at least ten years, enhancing local employment and adherence to environmental standards. This partnership exemplifies Uzbekistan’s commitment to expanding its nuclear energy sector and diversifying its uranium supply.

Uzbekistan’s Navoiyuran and France’s Orano have officially signed a cooperation agreement for the industrial development of the Yuzhny Jengeldy uranium deposit. This accord allows for uranium extraction and technological advancements in the uranium sector, with a projected duration of at least ten years and initial investments estimated at $214 million. The agreement was finalized on March 11 during the Uzbek-French business forum amid President Shavkat Mirziyoyev’s state visit to Paris.

The agreement included the signatures of Jamal Faizullaev, General Director of Navoiyuran, and Xavier Saint Martin Tillet, Orano’s Senior Vice President for Mining. It outlines commitments to uphold environmental standards, ensure safety regulations, create jobs, and support local communities, thereby establishing a framework for long-standing cooperation in uranium mining and exploration.

The project will allow for peak uranium production of up to 700 metric tons annually. Navoiyuran will operate the Yuzhny Jengeldy deposit, facilitating lower production costs through the integration of existing facilities. This collaborative effort also enhances capabilities in innovative mining technologies and modern corporate governance.

Nurlikum Mining, a joint venture established in December 2019, will oversee the mining processes, comprising 51% Orano and 49% from Uzbekistan’s State Committee for Geology. Future explorations are planned at two additional sites within the Navoi region, supporting the goal of diversifying uranium supply sources for the company, as highlighted by Orano’s efforts over past years in Uzbekistan.

Minister of Mining and Geology Bobir Islamov stated that Orano intends to invest up to $500 million in further uranium development and processing. Navoiyuran is recognized as the world’s fifth-largest uranium producer, contributing significantly to the clean energy supply chain and the economy of Uzbekistan, being a top taxpayer in the country.

The agreement between Uzbekistan and France marks a significant step in the development of uranium resources, with Navoiyuran and Orano spearheading efforts that promise long-term benefits in technological innovation, community support, and environmental standards. This collaboration not only aims to strengthen the uranium supply chain but also reflects Uzbekistan’s strategic partnership with France in advancing its nuclear energy capabilities.

Original Source: www.gazeta.uz